upUSDC now live as collateral on @MorphoLabs We've spoken to hundreds of users over the last year about what they want to see when it comes to DeFi yield farming. 99% said "Give me more composability". This is the next stage of Upshift. Our priority is to offer more ways for users to earn yield: whether that's best-in-class vaults running top-performing fund strategies or ways for depositors to loop their receipt tokens. Everything comes down to the north star: help users maximize their returns onchain.✨
Upshift
Upshift10.7. klo 23.04
LIVE: Borrow against your upUSDC on @MorphoLabs The upUSDC/USDC market is now live on Morpho, with $164M+ liquidity supplied from @mevcapital curated USDC vault. To deploy reliable and high-fidelity price-feeds, we work with @eoracle_network so redemptions and liquidation can run smoothly. ✳️ What is upUSDC? → upUSDC is the liquid receipt token for the Upshift USDC vault → The vault and receipt token accrue yield via lending USDC to overcollateralized institutional borrowers ✳️ How does this help me earn more yield? → Deposit to the Upshift USDC vault to earn 7.6% APY and receive upUSDC → Borrow USDC against upUSDC and re-deposit into the Upshift USDC vault for additional yield. → upUSDc deposits on Morpho will also earn 5x upshift points Deposit upUSDC on Morpho for 5x points: Last week, upUSDC was added to Pendle. This week - it's live on Morpho. Where next? MORE COMPOSABILITY = MORE YIELD
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